Art Industry News is a daily digest that highlights the most important developments in the art industry and market. Here’s what you need to know on this Tuesday, November 29.
NEED TO READ
London Museum Returns Benin Bronzes to Nigeria – Six of the 72 Benin artifacts from Horniman Museum’s collection are being repatriated back to Nigeria. British Museum is under increasing pressure to follow their lead. (Guardian)
Restituted Bronzino Portrait to Hit the Block – The circa 1527 painting restituted to the heirs of Jewish art collector Isle Hesselberger from the German government earlier this year is set to go on sale in January at Sotheby’s Old Masters auction in New York. It is expected to sell for between $3 million-$5 million in presale. (ARTnews)
Warhol Print of Queen Elizabeth II Sets Auction Record – In front of its first live audience since the start of the pandemic, Toronto’s Heffel auction house sold a diamond-dusted print from Warhol’s “Reining Queens” series for $853,000 including fees—nearly a double the high end of presale expectations. That’s an auction record for Warhol’s editioned prints. (ARTnews, Canada.com)
Anti-Flood Barriers Installed in Venice – A wall of glass has been installed outside of St. Mark’s Basilica to prevent water from flooding into the 1,000-year-old church, which has been under threat from the rise of water levels over the past decades. (The Art Newspaper)
MOVERS & SHAKERS
Warhol Museum Show Heads to the Saudi Desert – Next year, the exhibition “Fame Andy Warhol in AlUla” will open at the Maraya cultural venue. Organized by the artist’s eponymous museum in Pittsburgh, the show will test the conservative country’s attitude toward the openly gay artist. The Andy Warhol Museum director said that he was given “complete freedom” in deciding which works to show, adding that “as a gay man, also, I was treated with the greatest respect and openness.” (TAN)
Pope’s Old Swatch Watch Could Fetch $100K – A simple black Swatch watch that belonged to Pope Francis back in the 2010s is hitting the auction block as part of Chicago-based Rago/Wright auction house’s “Once Upon a Time Watch Project” benefit sale. It is estimated that it will sell for between $10,000 and $100,000. (Robb Report)
Collin Sekajugo Joins Blum & Poe – The Ugandan artist whose work was part of the Uganda National Pavilion at the Venice Biennale, has joined the stable at Blum & Poe. Sekajugo’s work will be on view this week at the gallery’s booth at Art Basel in Miami Beach, and a solo exhibition of his work at the gallery is in the works. (Press release)
Skeleton of Pregnant T-Rex Will be Unveiled in New Zealand – The skeleton of the 38-foot-long predator was named “Barbara” after she was found by paleontologists in the Hell Creek Formation of northwestern Montana. The public will see the skeleton, which is 66 million years old, for the first-time at the Auckland War Memorial Museum in December 2. (Daily Mail)
FOR ART’S SAKE
World’s Largest Dino Skeleton Heads to London’s Natural History Museum – The replica of the 100 million-year-old skeleton of a 114-foot long Patagotitan dinosaur will make its European debut at the South Kensington museum starting March 31, 2023 in a show called “Titanosaur: Life as the Biggest Dinosaur.” The skeleton is on loan from Museo Paleontológico Egidio Feruglio in Argentina. (Evening Standard)
Patagotitan, Museo Paleontológico Egidio Feruglio (MEF) CREDIT D.Pol. Courtesy Natural History Museum.
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